"That affects us because the less students we have, the less money we get," she said.

Revenue is expected to be approximately $12.8 million, according to Slockbower. Expenditures are expected to be approximately $12.7 million.

The district Education Protection Account (EPA), which contains funds received from Proposition 30, has a balance of approximately $1.35 million, Slockbower said.

Proposition 30, which was passed in November 2012, was a 0.25-percent tax increase to prevent cuts to the state's education budget.

According to Slockbower, the proposition "has helped cash flow a lot."

Additionally, the district has $150,000 in Title 1 improvement funds, which "will specifically be used for Common Core," LUSD Superintendent Erin Smith-Hagberg said.

The Common Core are academic standards in mathematics and English language arts.

Furthermore, the district also expects to receive a third payment from Microsoft Technology Funds, which will total $59,651, according to Slockbower. The funds are from a class-action settlement against Microsoft Corporation.

"We are required to spend 50 percent of that money on hardware, and the other 50 percent on specific software," Slockbower said.